Headlines about ARRIS International (NASDAQ:ARRS) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ARRIS International earned a news impact score of 0.07 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.0132300856101 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- ARRIS International (ARRS) Rating Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- Hot Mover of the Day – ARRIS International plc (NASDAQ: ARRS) – The Investor Guide (wallstreetnews24.com)
- Monitoring a Technical Look at the facts Behind ARRIS International plc (ARRS) – Wall Street Morning (wallstreetmorning.com)
- Basic Trading and Ownership Data for ARRIS International plc (ARRS) – Market Movers (financialqz.com)
- Aramark (ARMK) In Active Momentum Stocks on Profitability Analysis- ARRIS International plc (ARRS) – Investing News Update (investingbizz.com)
A number of equities research analysts have weighed in on ARRS shares. Zacks Investment Research upgraded ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, November 7th. Morgan Stanley lowered ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective for the company. in a research note on Tuesday, December 19th. BidaskClub lowered ARRIS International from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Raymond James Financial set a $38.00 price objective on ARRIS International and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. ARRIS International presently has an average rating of “Hold” and an average price target of $33.00.
ARRIS International (NASDAQ:ARRS) traded down $0.02 during trading hours on Monday, reaching $25.49. The company had a trading volume of 1,275,967 shares, compared to its average volume of 1,265,989. ARRIS International has a twelve month low of $24.75 and a twelve month high of $30.79. The firm has a market cap of $4,770.00, a price-to-earnings ratio of 29.30, a P/E/G ratio of 0.97 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.
ARRIS International (NASDAQ:ARRS) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.18. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts forecast that ARRIS International will post 2.32 EPS for the current fiscal year.
In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of ARRIS International stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the sale, the senior vice president now owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Patrick W. Macken sold 1,250 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the completion of the sale, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The disclosure for this sale can be found here. Insiders have sold a total of 10,347 shares of company stock valued at $290,307 in the last 90 days. Insiders own 0.90% of the company’s stock.
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ARRIS International Company Profile
ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.
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